Based on the last 12 Consumer Confidence events in Japan, we expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 05 Jan 05:00 if the released value is > 39.8. A price movement of 135 pips is expected.
Historical events that allowed us to draw this conclusion
29 Oct 05:00 |
30 Jun 05:00 |
31 May 05:00 |
08 Apr 05:00 |
04 Mar 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
